Macro

Hedge funds have piled into the so-called basis trade in U.S. Treasury markets this year. Here's a look at how the bet is likely to play out into 2024.

About 40% of hedge fund allocators poured more money into the industry during the third quarter as investors moved to top up existing allocations, according to Bank of America Securities.

A new eVestment report points to a sustained decline in hedge fund exposure for U.S. public pensions plans, with new commitments drying up in the first half of the year.

Investcorp-Tages hired veteran macro traders out of GAM, adding yet another UCITS fund and other internal hedge fund strategies to the firm’s lineup.

Capital flight from hedge funds eased last month but investor flows remained negative during October, according to new data from fund administrator Citco.

UBP’s Alternatives Investment Solutions unit said 2023 bolstered its high-conviction stance on macro, calling it “the most opportunistic/flexible of hedge fund strategies.”

Gold- and currency-focused Insch Capital Management is aiming to maintain its stellar run into next year with a new partnership with quant macro firm CrossBorder Capital.

K2 Advisors believes discretionary macro and equity market-neutral managers are well-placed to capitalize on sustained volatility and asset dispersion in the coming months.

Hedge funds have once again increased their total global assets to more than $4 trillion, with industry coffers swelling for the fourth consecutive quarter after managers added $53 billion during Q3, according to HFR.

Hedge funds gained 8.12% over the nine-month period to the end of September, as new Citco data shows almost three out of every four hedge fund managers have delivered positive returns for investors year-to-date.